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Microcap & Penny Stocks : Amazon Natural (AZNT)

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To: tonto who wrote (18879)2/9/1999 6:17:00 PM
From: wonk  Read Replies (3) of 26163
 
...similar situations have occurred in the past. When Amazon.com (AMZN) went public in 1997, a company called Amazon Natural Treasures with the "AMZN" ticker symbol saw its stock nearly tripled.

As is likely to happen in this case, the bulletin board company must give up its ticker symbol a day before the bigger company goes public on the Nasdaq National and Small-Cap markets. Amazon Natural Treasures (AZNT-BB), for instance, now trades under "AZNT" for less than a buck.


originally #reply-7741368

I always wondered how this PoS ever got to $3.50 and held there for a while: oh my goodness, symbol confusion.

I guess this eviscerates the legal argument about the evil illegal shortsellers driving down the value of the stock.

LOL
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